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Abra Announces New Credit Card Payment Options for Bitcoin Purchases

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Abra Announces New Payment Options for Faster Bitcoin Purchases

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.

Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable.  Read more...

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Wells Fargo Halts Credit Card Cryptocurrency Purchases

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Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards. 

Joining the Ranks

U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.

With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, and Citigroup.

The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market:  Read more...

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[Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be?

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With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be?
By Harsh Agrawal Recently the cryptocurrency world received a jolt of sorts, when several major banks decided to ban the purchases of virtual currency using Credit Cards. Bank of America, Citigroup, Lloyds Banking Group, Virgin Money, JPMorgan have all halted cryptocurrency purchases made on Credit….

The post [Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be? appeared first on CoinReport.

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Reddit Drops Bitcoin Support for “Gold” Purchases

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crypto subreddit

The year 2018 has not been all that positive for Bitcoin just yet. With the Bitcoin price in a slow and steady decline, it is evident something will need to change. Moreover, early adopters of Bitcoin as a payment option are rethinking their decision. Reddit is the latest company to remove BTC as a payment method altogether.  Read more...

This is a preview of Reddit Drops Bitcoin Support for “Gold” Purchases. Click Here To Read the full post

50% Bonus on USAT Token Purchases Until 31st March, 2018; USAT Inc. Uses Blockchain to Help Inventors Patent, Protect, and Develop Their IP

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Celebrating the final weeks of its Pre-ICO, USAT Inc. is offering a very short-period promotion of 50% bonus on USAT token purchases before midnight 31st March 2018. Visit https://usat.io to take advantage of this great offer!

The Australia-based USAT Inc. allows inventors to patent their ideas for a small fee in USAT Tokens and then store their idea on a private blockchain, protecting the creator from IP theft. Then, if the IP holder wants to develop their idea through the USAT Inc. platform, the IP must pass rigorous scientific and commercial evaluations. USAT Inc. can offer new levels of IP Protection through this system. The projects are very carefully selected to address specific humanitarian and ecological problems, to help raise living standards.  Read more...

This is a preview of 50% Bonus on USAT Token Purchases Until 31st March, 2018; USAT Inc. Uses Blockchain to Help Inventors Patent, Protect, and Develop Their IP. Click Here To Read the full post

TD Bank The Latest to Halt Cryptocurrency Purchases Using Credit Cards

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Toronto-Dominion (TD) Bank is the latest financial institution to ban customers from using their credit cards to purchase cryptocurrency. As more retail investors continue to be onboarded, banks are looking to protect them from making ignorant decisions.

Weighing Risk, Regulation, and Rapidity

In a recent move that has become common from banks, TD Bank is effectively halting the use of credit cards to purchase cryptocurrency. Originally still permitting purchases even after the first move from banks began, TD Bank has now fallen in line with a growing policy change.  Read more...

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Bread Launches Instant Bitcoin Purchases via Credit Card

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Those looking to buy the dip and take advantage of what is essentially a 60%-off Bitcoin sale can now conveniently purchase the dominant cryptocurrency with credit cards via Bread.

The Best Thing Since Sliced Bread

Bread, a clean and user-friendly Bitcoin wallet available on both iOS and Android, announced this week:

Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly into their Bread. This new feature builds on a partner integration with Simplex to allow high limits and near-instant delivery for most users.  Read more...

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Big Banks Ban Bitcoin Buys – JPMorgan, Bank of America, Citigroup Say No to Crypto Credit Purchases

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JPMorgan, Bank of America, and Citigroup are all putting a stop to Bitcoin purchases made using their cards, citing high risk due to extreme price volatility.

Credit Card Declined

With Bitcoin suffering one of its worst weeks since 2013, major US banks are putting a stop to Bitcoin and other cryptocurrency purchases made using their credit cards. According to reports, JP Morgan Chase, Bank of America, and Citigroup are all banning cryptocurrency purchases using their credit cards, leaving some investors eager to “buy the dip” out in the cold.

Credit Card Declined  Read more...

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